In the last years, many small inversors in the US, had turn their eyes to Central America.  This process began when the peace accord of 1987 came. Costa Rica took adventage of its image  of pacefull and enviromentally friendly country and its  longest tradition of democracy in America Latina to be on top of the Central American real estate market. Jaco Beach and other places of the country are hot spots in real estate development right now.

Here are 7 points to consider if you are interested in an offshore real estate investment.

1.You can fall in love in your vacation but a true investment must include proper due diligence and an analysis that the investment can meet the necessary financial objectives.

2. Planning and fully understanding financial objectives, along with language, cultural and legal issues, are among the first set of issues that must be addressed by would-be investors.

3.  Contact the consulates of the countries you're considering. Their responses will give you an idea of the cooperation you can expect from government officials if you live in the country full-time. The officials there may set you straight on what legal red tape you can expect and what to watch out for in dealing with bureaucracy, real estate agents, lenders, or property owners.

4.The economy is a factor, too, even though you'll be in retirement or vacationing. It will bear on the country's political stability, inflation rate, and tax prospects. Friends in the country are a good resourse and you can get a good idea of the economy from major brokerage houses or banks in America that do business there.

5.Also use your contacts to find a good local lawyer. He or she can help untangle many of the legal knots that can make buying a foreign property a trap. If you are thinking in buying a condo, you must check also the history of the building company. How long have they been in the market? Wich proyects have they develop? If you are looking for a real estate professional make sure that  he or her has lived and worked in the country for a long time.

6.Don't forget to ask about the quality of utilities, water, roads, and schools. Evaluate the accessibility of churches and medical facilities, too.

7.Find a qualified architect or engineer to make sure your building is in good condition. If your property won't be occupied at all times with a local management company to protect it.

8. Ask whether you can buy household items duly free or whether there are any restrictions on foreign exchange. What are the rules about bringing appliances, cars,furniture, and pets?  Talk to your accountant about the tax advantages associated with investing in foreign real estate.